The table contains a random selection of items from the National Account of a country. Item UDD (Million) Compensation of Employees 500 Corporate Profit 250 Rental Income 200 Net Interest 150 Proprietor’s Income 95 Transfer payment 100 Corporate tax 80 Depreciation 50 Private Investment 1,000 Personal income tax 20 Employees Provident Fund 50 Net factor income abroad 400 Calculate the: 1. Net domestic product at factor cost 2. Gross domestic Product at factor cost 3. National Income
The table contains a random selection of items from the National Account of a country. Item UDD (Million) Compensation of Employees 500 Corporate Profit 250 Rental Income 200 Net Interest 150 Proprietor’s Income 95 Transfer payment 100 Corporate tax 80 Depreciation 50 Private Investment 1,000 Personal income tax 20 Employees Provident Fund 50 Net factor income abroad 400 Calculate the: 1. Net domestic product at factor cost 2. Gross domestic Product at factor cost 3. National Income
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
The table contains a random selection of items from the National Account of a country.
Item |
UDD (Million) |
Compensation of Employees |
500 |
Corporate Profit |
250 |
Rental Income |
200 |
Net Interest |
150 |
Proprietor’s Income |
95 |
Transfer payment |
100 |
Corporate tax |
80 |
|
50 |
Private Investment |
1,000 |
Personal income tax |
20 |
Employees Provident Fund |
50 |
Net factor income abroad |
400 |
Calculate the:
1. Net domestic product at factor cost
2.
3.
4. Personal income
5. Disposal Personal income.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education